Atal Innovation Mission launches I-AEC to promote sustainable environment and economy
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New Delhi, Oct 27 : Atal Innovation Mission (AIM) has decided to organize a two-day hackathon on circular economy, ‘India–Australia Circular Economy Hackathon (I-ACE)’ in association with CSIRO on 7th and 8th December 2020. The primary purpose of the hackathon to address the circular economy challenge by providing possible solutions for eliminating and reusing waste.
The idea of I-ACE was put forward during a virtual summit between the Prime Ministers of India and Australia in June 2020, whereby it was decided to explore innovative ways in order to boost circular economy between India and Australia. The primary purpose of the hackathon is to address the challenge of circular economy. It will create possible solutions for eliminating waste and reusing waste. This will make the economy less resource intensive and will ensure that the economic growth is ecologically compatible.
I-ACE will focus on to identify and to develop innovative technological solutions by bright-minded students, start-ups and MSMEs of India and Australia. Shortlisted students and start-ups MSMEs will be invited for the hackathon, where two winners will be announced comprising one student and one start-up MSME per theme from each country. The hackathon will be organized under four themes; innovation in reducing packaging waste, innovation in food supply chains avoiding waste, creating opportunities for plastic waste reduction, recycling critical energy metals and e-waste.
Both India and Australia are collaborating across a broad range of areas which have provided significant results. The countries can align research and developmental efforts in future, in order to achieve more. The circular economy model will provide more jobs and higher economic growth in the long run. It will further reduce cost and drive innovation. It is also expected to drive significant environmental benefits.
Bharati Web
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